Out of state BRRRR?!!

[Wa Chan]

Hello all,

Currently, my fiance and I are currently house hacking our first property. We added a room, along with a few other renovations, and now have 3 roommates (4 bd, 2 ba). Not ideal but worth the grind 100%! Living in a pricey market in Portland, OR, I've started looking in to investment OOS for our next move (reading David Greene's book currently of course). Originally, our goal was to BRRRR but this is extremely difficult, if not impossible, in the Portland area, especially when we're competing with cash offers for these "fixers."

My question is whether a hybrid OOS BRRRR is feasible? Hard money seems a little risky considering I can't physically be there to make sure contractors are timely... Other option is to finance the property and pay cash for repairs and/or open lines of credit. 

I'd highly appreciate any thoughts or experiences! Cheers!